GBPUSD extended to declines and hits a new low since March 2020. EURUSD runs below parity

The GBPUSD GBP/USD The GBP/USD is the currency pair encompassing the United Kingdom’s currency, the British pound sterling (symbol £, code GBP), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one British pound. For example, when the GBP/USD is trading at 1.5000, it means 1 pound is equivalent to 1.5 dollars. The GBP/USD is the fourth most traded currency pair on the forex exchange market, giving it ample liquidity a The GBP/USD is the currency pair encompassing the United Kingdom’s currency, the British pound sterling (symbol £, code GBP), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one British pound. For example, when the GBP/USD is trading at 1.5000, it means 1 pound is equivalent to 1.5 dollars. The GBP/USD is the fourth most traded currency pair on the forex exchange market, giving it ample liquidity a Read this Term has extended lower reaching a new cycle high in the process. The low price from Tuesday's trade was broken at 1.18066 on its way to a session low of 1.17988. The pair is finding support buyers near the natural/option related 1.1800 level. The price has bounced modestly to 1.1808, but has continued its run to the downside as other USD related pairs also run into the greenback.

• The EURUSD is fallen below its parity level and this time seeing a stops being triggered. The price has moved down to 0.9971 on the break so far. Traders will now need a move back above the parity level to give any hope.

• The USDCAD is also racing to a new session high as it continues to trend in the upward direction.
• Add the USDCHF, AUDUSD, NZDUSD to the dollar buying run.

The only pair that has not printed a new high for the day is the USDJPY, but it is getting closer and has had a pretty significant run already to the upside today.

US stocks sets to open lower.

/inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term